Sovereign Wealth Fund versus Private Investment Fund

 Private Investment Funds earn their keeps by offering their expertise to the super rich. They named a price and the private investors would decide who to park their money with. If the Funds could not perform, the investors would pull out and look for better performance Funds to invest their money. There is fierce competition for customers in terms of returns on investment and cost of investment.

Sovereign Wealth Funds are a totally different kettle of fish. They acquired funds by involuntary means, mostly nation's reserves or citizens' savings to invest. It is like, here is the money, go and do what you like with it. They, the fund managers, decide who would be the fund managers, how much to pay themselves.

The investors are passive, ie country's reserves plus CPF money in Singapore's case. Actually all the money belongs to the people one way or another. The glaring difference in SWF and PIF is that in the former, the owners of the fund did not have a say in anything. The owners cannot appoint who to be the fund managers, who should be hired or fired if not performing. They cannot decide how much to pay or reward the fund managers or to reduce their pay for bad performance.  They cannot fire the fund managers. They are totally not involved, not informed, kept in the dark. And in Singapore's case, they did not know how much of their money are invested in the funds and did not know how much the funds made or lost. They are told by the fund managers what the fund managers wanted them to know and have to take them at good faith.

Another glaring fact of SWF is that many of the owners of the funds are barely able to pay for their medical bills as their savings are stuck and subject to the rules of their savings fund. In other words many of the owners are poor people or relatively poor. 

On the other hand the fund managers are completely independent of the owners of the funds and are free to do whatever they want with the funds, how much to pay and reward themselves. Thus, the fund managers are extremely rich and comfortable and could party all the time, like Napoleon and his 2 legs are good, 4 legs are better friends in the Animal Farm.

Life is like having a ball for the fund managers in SWF. The fund managers are rich but the owners are poor. The owners of the money cannot sack them or move out their money. Where got such favourable employment terms on earth? Now you know why the owners are getting poorer and the fund managers, the self appointed employees, are laughing all the way to the banks. When they lose, it is OPM. Anyone to check and verify the accounts, whether it is profit or loss?

Where is the accountability? The owners of the money just have to trust them and what they say. How much of the profits, if any, goes to the fund managers? How much goes to the owners of the money?

COVID-19: Money-making Big Pharmas Going In For The Kill

As expected and predicted, the profit-oriented, huge money-making, big pharmaceutical companies are going in for the kill once again.

It has been confirmed that big pharmaceutical companies Pfizer and Moderna will increase the price of their respective vaccines, using the excuse of adapting their vaccines to new variants of the Covid-19 virus.

What will the new prices be?

The price of Pfizer's vaccine will rise from 15.50 euros (S$24.90) to 19.50 euros (S$31.30).

The price of the Moderna's vaccines will rise from 19 euros (S$30.50) to 21.50 euros (S$34.50).

Officially, this will be in effect not only for the European Union, but also for all buyers.

It was estimated in December 2020 that Pfizer and Moderna would be able to earn about $32 billion from their mRNA COVID-19 vaccines this year.

Pfizer alone would be able to generate $19 billion profits without the price increase added.

And Modena would easily scoop more than $13 billion, without adding the price increase.

It is not surprising that the two big Fishers-of-Men keep telling us that the benefits of their vaccines outweigh the risks.

They make huge profits and we take great risks, as their experimental guinea pigs! And so many imbeciles are still singing their song:

"Benefits outweigh the risks" - my toes are laughing.


SSO - 3 August 2021.

The U.S. is in deep shit: It may start a war with Russia or China to divert attention from its quagmire of Covid-19, economic debacle and internal disorder.

      The Evil Empire is desperate and in deep shit. It is caught up in the triple quagmire of the Coronavirus Pandemic or Covid-19, its economy is in shambles, and its internal political and racial choas and disorder is so intense that it may explode at any time, any moment like the pent-up fire in an active volcano. Moreover it is burdened with an insolvable debt of about 40 trillion dollars and the debt keeps on rising every day at over two billion dollars daily.  It possibly may try to start another war somewhere may be with Russia or China just to divert attention from these quagmires. But these quagmires like the Covid-19 are of their own making and being organic they take a life  of its own and cannot be solved till U.S. self-destructs and dies away.

Starting a war with either Russia or China will not solve U.S. deep problems. Worst still a war with both Russia and China will hasten the death of the Evil Empire even faster. But the unfortunate corollary consequence of the war will be the extinction of mankind as once nuclear war starts it will be uncontrollable. 

The rogue elites and leaders of the US are extremely wicked, too selfish and too much of their self-interests and self-aggrandizement and worst still they are possessed with too much of their destructive egoism that they never care about others and the consequence of their diabolical actions. They should be stopped and deposed. The American people must wake up to the danger that their rogue leaders are exposing them and the world to potential world catastrophy. They should get rid of these horrible fiends and satans and act quickly as possible as time is of the essence.

Southernglory1

Thursday, 5th August, 2021.

Without your permission

Without your permission they set up a savings scheme for retirement, which was good.

Without your permission they devised many schemes and changed the rules to prevent you from using your savings.

 Without your permission they used your savings for investments.

 Without your permission they paid themselves crazily with your savings.

 Without your permission they paid their hires crazily with your savings.

 Without your permission they brought in millions of foreigners into your country.

 Without your permission they gave citizenship to hundreds of thousands of foreigners, and still giving.

 Without your permission they changed the population composition to make you a minority to the foreigners.

Without your permission they brought in foreigners to steal your lunch.

Without your permission they are giving away the country to foreigners.

Without your permission they are destroying whatever little there is left of our nature and forest.

Without your permission they are continuously stuffing this little island with more and more people.

Did they ever ask your permission to do anything that may be detrimental to you and your well being and the well being of your children?

Who is the owner of your life savings? Who are the owners of this island?

COVID-19 Pandemic: The New Super Spreaders

Don't try to shift the blame to the Seniors. It is not the Seniors that are not vaccinated who will infect their grandchildren or others.

The COVID-19 coronavirus does not differentiate between age, sex, race, education level, profession, rich or poor. It simply invades, infects and infests anyone who is careless enough to leave his mouth, nose, eyes and wounded skin exposed to welcome its entry into his body.

Therefore, it is those who have been infected that will carry the virus to spread and to infect others. It does not matter whether you are vaccinated or not, you still can get infected and you still are going to spread it to others close, near and far apart.

It is now known that the present COVID-19 vaccines (especially mRNA vaccines) do not protect you from the Dangerous and Deadly Delta Variant infections.

The vaccines manufacturers and/or your government may have impressed upon you that the efficacy of their vaccines may be 90% - 95%, but they are now telling us that the effectiveness of their vaccines last only about 3 to 4 months and so a third or more subsequent dosages may be necessary infinitum.

Furthermore, those vaccinated have the tendency to throw off their guards against the coronavirus. Even at the national level, government leaders are relaxing safety measures for those who have been vaccinated. Therefore, they are most probably the ones who will be easily infected and will also easily spread the coronavirus, especially the dangerous and deadly Delta Variant, to their seniors, their parents, their peers, their siblings and all our children who do not have vaccines available to them yet.

It is now certain that whether you are vaccinated or not, the chances of you getting infected by the Type Delta Variant is as high as those who have not been vaccinated, if you let your guards down. Simple as that.

This is common sense. Only those without common sense would think that vaccinated people are safe, are alright to do this and that as they like without taking necessary precautions not to let themselves be infected.

In fact, it is now established that vaccinated people are more likely to be silent carriers of the more dangerous and deadly Delta Variant because they do not experience any symptoms. Therefore, they have become the new super spreaders of the Dangerous Deadly Delta Variant B1617.2, initially detected in and possibly originated (or mutated) from India in October 2020.

Beware and be careful of the new super spreaders on the march.

The eagerness and earnestness to promote nation-wide vaccination programs on wrong or mistaken types of vaccines throughout the world may be the undoing of the human-kind in unprecedented proportions!


SSO - 3 August 2021.